• Drilling continues to deliver multiple significant, high-grade gold results
• Consistent, thick, high-grade gold intercepts to the northwest and below current pit design
• Defines tangible upside beyond current open pit plans

Lunnon Metals Limited (ASX: LM8) is pleased to report on further excellent results which have the potential to grow the Lady Herial gold deposit, at the Kambalda Gold & Nickel Project (KGNP). The new results confirm that the Upper Structure is thick, high-grade and developed over 40-50m of strike for at least 150m down plunge of the northwest wall of the current open pit design. These results define a significant opportunity in the down plunge direction, and the Company will shortly update the Mineral Resource estimate and evaluate the economics of a potential cut-back. Significant results on the Upper Structure and Northwest Prospect (NWP) include 13m @ 5.70g/t Au, 13m @ 5.63g/t Au, 10m @ 5.88g/t Au and 9m @ 3.62g/t Au. The economic returns of a cut-back continue to be buoyed by the prevailing high A$ gold price and the thickness and grade of the gold mineralisation present. The Company is now very confident that the high-grade gold mineralisation extends a considerable distance down plunge and work to evaluate the scale of the opportunity and potentially seek regulatory approval can begin, whilst in parallel the current open pit is on the verge of delivering first ore to the Company's partner Gold Fields.

The Company's objective is to self-fund growth opportunities for immediate extensions to its gold development and mining plans, maintain an extensive and aggressive discovery program, and build balance sheet strength while keeping a watching brief on developments in the nickel sulphide sector.